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Gas Cards: The Best Gas Credit Card Rewards and Offers

Published 2/28/08 (Modified 1/7/14)
By MoneyBlueBook

Updated List Of The Best Gas Rebate Credit Card Offers To Help You Save Money On Gasoline and Fuel

Want to save money or earn extra cash back when you fill up your vehicle despite high gas prices at the pump? It doesn't matter if you're an ordinary consumer, a business, or even a student - I'm sure we all wouldn't mind getting what essentially amounts to a cash back discount at the gas pump. If you are a frequent driver, you definitely will want the edge when it comes to taking advantage of the best possible card reward and cashback opportunities available for drivers. Gas prices have skyrocketed recently so anything you can reasonably do now to lessen the cost burden would be a wise financial move on your part as a gas consumer. Of course, only those who can handle the responsibility and burden of credit management should apply for and use credit cards. The rewards and rebates they offer are certainly attractive but they're not suitable for those with a shaky credit usage history.

Currently, many reward credit cards include gas station purchases on their special list of places that yield extra high bonus cash back credit card rewards. When you use the card to purchase gas, you'll frequently earn much higher reward rates than ordinary purchases made at other locations. If you strategically use a combination of reward cards like I do, you can designate higher rebate gas credit cards to be used specifically and primarily for gasoline expenses, and use your other reward cards for other general everyday purchases. After scouring all online offers, here are my top gas credit card choices to help you earn rewards and save on gas money. You might feel just a tiny bit better the next time you fill up.

List Of the Best Cash Back Reward Credit Cards With The Highest Purchase Incentives For Gas Rebates

Blue Cash Everyday® Card from American Express - Earn Cash Back: 3% at US supermarkets, up to $6,000 per year in purchases, 2% at US gas stations & select US dept stores, 1% on other purchases. Terms and limitations apply. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. Terms and Restrictions Apply.

Chase Freedom® - Get 5 percent bonus cash back in popular, rotating categories like gas stations, restaurants and more, subject to quarterly enrollment and maximum spend limits. You can earn unlimited 1 percent cash back on all other purchases with no spending tiers.

TrueEarnings® Card from Costco and American Express - This card is for Costco warehouse club members. It offers 3 percent cash back on gasoline at US gas stations and on gasoline at Costco up to $4,000 per year in purchases, then 1 percent; 2 percent for purchases at US restaurants, 2 percent on eligible travel purchases, including at Costco, 1 percent cash back on other purchases, including at Costco. Terms and limitations apply. You will receive your cash back in the form of an annual reward coupon redeemable for cash and merchandise at Costco. The card has no annual fee with a paid Costco membership. Terms and Restrictions Apply.

PenFed Platinum Cash Rewards Visa® Card - Earn cashback on gas purchases paid at the pump**. The cash back rewards program comes in two variations with this card each paying cash back at different rates, the Plus Card (you will need to obtain a qualifying PenFed product with the Plus version) and the Standard Card (which carries an annual fee). Cash rewards are automatically posted to your account every month. With this credit card offer membership to Pentagon Federal Credit Union is required. Terms and conditions apply.

The Top Business Gas Reward and Cashback Credit Card Offers

Keep in mind that you don't have to actually own your own small business to qualify for lucrative business credit card programs. People can become a business unto themselves (it's legally referred to as a sole proprietorship) - just enter your own personal name when prompted for the business name.

Discover Business Card - Earn 5 percent CashBack Bonus on your first $2,000 in office supplies and 2 percent on your first $2,000 in gasoline purchases, and you can earn a full 1% after you make $5,000 in qualifying purchases annually and 0.25 percent on your first $5,000 and all warehouse purchases. Limitations may apply.

TrueEarnings® Business Card from Costco and American Express OPEN - Earn 4 percent cashback for gasoline at U.S. gas stations, including at Costco for purchases up to $7,000 per year (1% thereafter), 2 percent cash back for eligible purchases at U.S. restaurants, 2 percent on eligible travel purchases, including at Costco, and 1 percent on other purchases including at Costco. This excellent reward card is meant for Costco members. The card comes with no annual fee if you have a paid Costco membership.

I use a gas rebate Mastercard from more than 2 years and get 1.25% from the total amount spent at the end of the year back. It is great to have the $100-$200 credited on my credit card in January.

Steve says:July 21, 2008 at 11:30 am

Issues with the above list - many stations are no longer accepting Amex cards of any type (I'll assume the reason is that the merchant's fees associated with Amex are higher and many gas stations don't want to pay it.)

Secondly, the cash rewards you get back for these credit cards are reduced (or nearly offset) by the surcharge many stations now charge for using credit cards ... a practice that was once disguised as "Pay Cash and Save" back in the 80's has again resurfaced.

I can remember back in the '80s when Getty proudly touted "Same Price Cash or Credit" at their pumps, and had ads attacking competitors who charged extra for using credit cards (Shell was one practicing this disguised as "Pay Cash and Save" -while they didn't even have to post the credit prices!) The ad compared the practice to a restaurant charging extra for a customer using a credit card to pay for a meal. The outrage practically made this injustice disappear by the end of the 80's, but with merchants losing profits with today's gas prices, it has crept back into play. I don't have a Getty station in my area, but if they are still around (they're being rebranded as Lukoil nationwide) I'd like to know if they are continuing their practice of charging the same price, cash or credit - and if they are, perhaps rolling out those old ads from the '80s would help curb this injustice once again.

Erick says:August 19, 2008 at 11:23 pm

The Best Gas Rebate Card Out There Yet For Some Reason Never Really Gets Attention Is The Shell Mastercard From Citibank !

Here In Arizona and all over there are countless Shell Stations So Finding A Shell Will Be No Problem

Gas Guzzler says:May 7, 2009 at 10:01 am

I guess the gas credit cards have gone out of style perhaps? Low gas prices equal less profits for the evil oil companies which in turn means less incentive for consumers to apply for gas credit card offers. But I think when this economy picks up again, gas prices will shoot back up and people will be fighting back in for cash back reward earning offers.

As for the Shell gas credit card....it's the same with getting a BP gas credit card or Mobil/Exxon gas credit card, or a 76 gas credit card - you are limited in where you can go. I prefer a gas card that allows for gas fill ups at any pump. Freedom to fill and earn rebates. I don't have to drive around and look for the right gas brand...I can simply earn rewards anywhere I go and focus on lowest prices instead.

Jason says:June 13, 2009 at 1:05 am

The American Express credit card that features the Costco program is pretty decent. You get 3% cash back for gasoline purchases and dining expenses, with 2% cash back on travel expenses. At Costco warehouse stores, you can also get 1% back on the money you spend there as well. I forgot whether Costco considers gas station purchases from Costco clubs to be the higher 3% cash back rate, or whether it's only regarded as a regular 1% rate for normal purchases at Costco.

The American Express Blue Cash card is also decent for those who are high spenders. I think the Chase Freedom is better for lower spenders though.

Rick says:June 22, 2009 at 2:37 pm

Just received a notice from Chase Freedom Cards and Chase Perfectcards they are no longer going to offer 5% discount on gasoline purchases after July 31, 2009. They are going to a straight 1% cash reward. Another example of Chase driving away customers as they have also raised their interest rates substantially. I'll just use other cards from now on.

Raymond says:June 22, 2009 at 2:45 pm

Hooray for President Obama's new credit card regulations that supposedly favor consumers (sarcasm).

All the new federal policies have done is decimate the already beleaguered credit card issuers and compel them to pull away all of their formerly lucrative credit card rewards, 0% balance transfer offers, and cash back rebates. So much for the good times.

Going from 5% to a mere and lowly 1% cash back is pretty terrible for Chase Freedom and Chase Perfect Card fans. Cardholders can try going to other cards, but other than a few top issuers, many of them are doing the same - downgrading their credit card reward programs.

Hellkat says:July 15, 2009 at 11:54 pm

How about the PENFED Platinum Visa? 5% gas ANYWHERE. 5% ANY Airline, 2% Grocery stores, 1.25% everywhere else. It is a Credit Union card, but it is the 2nd largest CU in the country, it isn't that hard to join...

DaCheeze says:September 23, 2009 at 11:50 am

Raymond, why dont you leave your stupid politics out of it.. since when have banks
been beleaguered ? Or oil companies, for that matter ?

I do agree the Chase FreedomCard and PerfectCard is not as attractive any longer.
Probably going to get a Discover More card instead.

Raymond says:September 23, 2009 at 12:43 pm

DaCheeze,

Banks and credit card issuers are beleaguered in the sense that due to shifting new credit card rules and regulations, previously attractive interest free offers that they used to be able to offer consumers will no longer be available. It's considered a loss for consumers who have always been able to pay off their bills on time and never carry an interest accruing balance.

Politics is heavily ingrained into economic issues so it's difficult not to touch upon them from time to time. Regular readers probably have figured out by now that when it comes to economic issues, I tend to favor Republican viewpoints, but that I tend to side more with the Democrats when it comes to social matters.

DaCheeze says:January 17, 2010 at 12:53 pm

Raymond,

If anyone wanted a lesson in politics, they would have asked you for your opinion. If they didn't, then stick to the topic or keep your opinion to yourself.. that's all I meant. I didn't hit the link for this site to read someone push their view about Bush vs Obama or anything else.. as if anybody really cares. I just wanted to know about which credit card was best for gas rebates... that it. If you cant separate your politics or religion or your opinion on other matters from the topic at hand then you have no business writing about the topic in the first place.

Regarding that.. it looks like Discover More and Chase Freedom both are rotating their gas rebates through some calendar window. So you have to shop for gas in April to July or something like that.

It still looks like the Shell Citibank card I have is still my favorite... 5% rebate on Shell gas, 1% everything else. Their website is easy to navigate, and I setup autopayments fairly easily.

Robert Bonar says:May 29, 2010 at 5:21 pm

The Shell Mastercard from Citibank is SERIOUSLY reducing their bebates effective real soon. Now up to only $20 per month total. Gone will be the 1 percent on all purchases. Now down to .50 percent. They are losing my business. Will continue to look for better. I do have the AMEX from Costco....they are looking good.

Bower says:July 7, 2010 at 4:28 pm

DaCheeze I'm thrilled that you posted your comment. If you don't want a political opinion you should probably find the facts out for yourself instead of reading someones synopsis of them. You can then write your own blog which you feel is political opinion free. I don't doubt that someone will shortly come along and accuse you of being bias regardless of what you do or don't write in your blog. People express political opinions even without realizing it. Even your objection to political opinions is in itself a political opinion on this blog. Use some critical thinking and sift through opinions when reading at least the writer of this blog was kind enough to make his opinion blatantly obvious. Cheers mate. ~ Bower

Johnny R. says:August 3, 2010 at 8:20 am

Usually it is a shame when a political food fight between commenters ruins a good blog post, but since the original blog post "The Best Gas Credit Cards" is now so outdated, I don't have a problem with DaCheeze and Raymond's spat. Raymond is right in pointing out that recent changes in federal policies have caused credit card companies to pull way back on their rewards programs. Perhaps Raymond could have made his point in a more subtle manner without mentioning the 44th president by name. But regulations have consequences and it would be nice if this blog post of "The Best Gas Credit Cards" would be updated to reflect the new era in which we live.

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Advertiser Disclosure: Many of the savings offers
appearing on this site are from advertisers from which this website receives compensation for being listed here.
This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all deposit accounts available.

Disclaimer: Because rates and offers from advertisers shown on this website change frequently, please visit referenced sites for current
information. This website may be compensated by companies mentioned through advertising, affiliate programs or otherwise.